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The following data relate to the direct materials cost for the production of 4,000 automobile tires: Actual: 130,242 pounds at $1.65 $214,896 Standard: 128.760 pounds
The following data relate to the direct materials cost for the production of 4,000 automobile tires: Actual: 130,242 pounds at $1.65 $214,896 Standard: 128.760 pounds at $1.85 $238,206 (a). Determine the price variance, quantity variance, and total direct materials cost variance. (b). To whom should the variances be reported for analysis and control
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